 News Update Hi everyone, Basel Chapman for the Taika Financial News Network, 11 a.m. Market Update, down to 137. After yesterday's very strong move to have a follow-through like this, especially after the test of the halfway mark of yesterday's candle, that is really positive. It means that up 140 at 31,724, it's very close to the 3187 nine-period exponential moving average test. If it can close above that in the next two days, there's a chance that it can go for 32,062, the 40-period moving average. But let's just go one step at a time. It has to hold 31. Now I think the support level is between 31,500 and 31,400 as key support. Looking at the S&P, very good move. It's now over the nine-period moving average, up 24,004. Nice to see the 4,000s again, hasn't been there for a couple of days. Now what we're looking at is 40-30 would be the 40-period exponential moving average target. If it's able to get to 41, I'd say 41-12 by today or tomorrow, that says perhaps by early next week we can get there. Looking at the key support now is at the, I would put that key support at 39,052. Yeah, 39,062. Let's go to the QQQ. QQQ is very nice touching the forward of the nine-period moving average. It's up 236 at 301.20. This is a good move, but in all these cases, the MAC is stochastic. Everything needs to be moving up in sync, and it's really prices is dragging the technicals up. And we haven't got the estimators doing much, although they're up 256 right now. They weren't leading yesterday. Now they need to start to lead. They need to get over the 215 level by Friday or Monday. Looking at the gold, I didn't do that in my show, gold is pulled back sharply down 10 at 17, 18. And the reason is the dollar, which looked like it was pulling back overnight, has moved back up 31.6 at 109.87, made a high of 110.79. Leg E is still very strong, technically. And the TLT we spoke about in my show, the Tiger Ignitions, our moment ago at 109.09, it just needs to get much higher if you want to see yields come down. So I'm going to wrap it up right here. You've got great programming all the rest of the day. And one other thing I want to mention was, within the context of the market itself, at this particular point, I personally am treating this as a pretty decent chance to bounce. And then we'll see if a trigger is longer or more intermediate to moves up, because this is a bounce at this moment. Have a great rest of the day. I'll be back on Tuesday.